$1,000,000
Palm Bay, FL 32907
MLS# 1083856
5850 sqft
1 / 2
Property Description
This 100% occupied, five-unit retail asset offers $81,000.00 in annual Pro Forma Gross Income & a consistent history of Tenant occupancy. Existing leases include automatic annual rent increases, providing embedded revenue growth & the potential for increased cash flow over time & at lease renewal. Room for rent increases. The property was recently placed under the management of a highly rated local professional management company, which provides monthly reconciled financial reporting, rent collection oversight, security deposit handling, full-service property management, & even some maintenance! Buyer is solely responsible for conducting all due diligence & independently verifying all property, lease, income, expense, zoning, & operating information. Additional terms, fees, disclosures, & or conditions may apply.
Details
Maps
Location, Tax, and Legal
Tax Account: 2805376
Parcel Number: 28-36-23-Kn-01939.0-0002.00
General County Location: South
Tax Annual Amount: 11106.5
Tax Year: 2023
Tax Legal Description: PORT MALABAR UNIT 42 LOT 2 BLK 1939
Directions: These directions begin at Palm Bay Road and Minton Road:
Travel west on Palm Bay Road toward Minton Road. Turn left--south--onto Minton Road. Continue approximately 0.2 mile. Turn right onto Emerson Drive NW.
Continue west for approximately 1.3 miles. 214 Emerson Drive NW will be on the left, near Jupiter Boulevard NW.
For GPS, enter the complete address: 214 Emerson Drive NW, Palm Bay, FL 32907
General Property Information
Number Of Units Total: 5
Stories Total: 1
Building Area Total: 5850
Building Area Source: Public Records
Lot Size Acres: 0.86
Accessibility Features YN: Yes
Association YN: No
Building Name: Santa Ninfa Shopping Center
Water Body Access YN: No
Waterfront YN: No
Land Lease YN: No
Senior Community YN: No
List Price/SqFt: 170.94
Year Built: 1991
Remarks and Miscellaneous
Public Remarks: This 100% occupied, five-unit retail asset offers $81,000.00 in annual Pro Forma Gross Income & a consistent history of Tenant occupancy.
Existing leases include automatic annual rent increases, providing embedded revenue growth & the potential for increased cash flow over time & at lease renewal. Room for rent increases.
The property was recently placed under the management of a highly rated local professional management company, which provides monthly reconciled financial reporting, rent collection oversight, security deposit handling, full-service property management, & even some maintenance!
Buyer is solely responsible for conducting all due diligence & independently verifying all property, lease, income, expense, zoning, & operating information. Additional terms, fees, disclosures, & or conditions may apply.
Accessibility Features
Accessible Approach with Ramp: 1
Construction Materials
Concrete: 1
Lot Features
Other: 1
Parking Features
Off Street: 1
Parking Lot: 1
Sewer
Septic Tank: 1
Unit 1 Details
Unit ID: 1
Annual Rent: 47400
Unit SqFt: 1170
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: COMBINED 1-3 UNITS / TENANT OCCUPIED 3-UNIT + YARD
Unit 2 Details
Unit ID: 2
Annual Rent: 0
Unit SqFt: 1170
# Units (This Type): 1
Furnished: Unfurnished
Unit Remarks: COMBINED 1-3 UNITS / TENANT OCCUPIED 3-UNIT + YARD
Unit 3 Details
Unit ID: 3
Annual Rent: 0
Unit SqFt: 1170
# Units (This Type): 1
Furnished: Unfurnished
Unit Remarks: COMBINED 1-3 UNITS / TENANT OCCUPIED 3-UNIT + YARD
Unit 4 Details
Unit ID: 4
Annual Rent: 16800
Unit SqFt: 1170
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: TENANT OCCUPIED 1-UNIT
Unit 5 Details
Unit ID: 5
Annual Rent: 16800
Unit SqFt: 1170
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: TENANT OCCUPIED 1-UNIT
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Audio Surveillance: 1
Restricted Hours: 1
Showing Service: 1
Video Surveillance: 1
Other: 1
Showing Considerations
Limited Visibility From Road: 1
Occupied: 1
Security System: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $1,000,000
Original List Price: 1000000
List Price: $1,000,000
Status: Active
Listing Contract Date: 2026-07-31
Property Sub Type: Retail
Location Tax and Legal
Street Number: 214
Street Name: Emerson
Street Suffix: Drive
Street Direction Suffix: NW
County: Brevard
State: FL
Postal Code: 32907
MLS Area Major: 344 - NW Palm Bay
Status Change Information
Major Change Timestamp: 2026-07-31T18:44:47Z
Major Change Type: New Listing
Status Change Timestamp: 2026-07-31
Property Features
Accessibility Features: Accessible Approach with Ramp
Construction Materials: Concrete
Lot Features: Other
Parking Features: Off Street; Parking Lot
Sale Includes: Building & Land
Sewer: Septic Tank
Showing Considerations: Limited Visibility From Road; Occupied; Security System
Showing Requirements: Appointment Only; Audio Surveillance; Restricted Hours; Showing Service; Video Surveillance; Other
Water Source: Public
Listing Office: Elite Class Prop. Mgt. & R.E.
Last Updated: July - 31 - 2026
Information is deemed to be reliable, but is not guaranteed.